Each engagement is senior-led and scoped to the specific regulatory or transactional question at hand.
Independent advisory to insurance technology operators and the carriers, MGAs, and investors who work with them — covering regulatory licensing, capital treatment, and the practical questions that arise when new technology meets statutory accounting and NAIC oversight.
Licensing pathways, state-by-state filings, and Form A structuring for InsurTech entrants and acquirers.
How emerging products and platforms are treated under RBC, statutory accounting, and NAIC investment classification.
Preparation for SVO approval, model law alignment, and emerging NAIC AI / data guidance.
Extensive NAIC SVO experience, complex REIT structuring approvals, and advisory work on emerging AI and data-governance guidance.
Form A and licensing support for a multi-state InsurTech rollout; SVO approval for a structured real-estate investment vehicle held by a life insurer.
Rating-agency preparation, narrative development, and capital-positioning work for mutual insurers — focused on the qualitative factors and capital adequacy questions that drive AM Best and S&P views of mutual organizations.
Pre-meeting positioning, narrative drafting, and Q&A preparation for annual and interim rating reviews.
BCAR / capital-model analysis and the structural levers that move rated capital outcomes for mutuals.
Translating mutual governance, surplus strategy, and ERM into the language rating analysts use.
Direct work with mutual insurers across life, annuity, and P&C on capital, reinsurance, and rating-driven structural decisions.
Pre-rating capital strategy review for a mid-size mutual life insurer; reinsurance-driven capital optimization in advance of a rating review.
Expert witness and technical-consulting support for counsel handling insurance and reinsurance disputes — including statutory accounting, risk transfer, treaty interpretation, and collateral matters.
Reports, depositions, and trial testimony on reinsurance structure, statutory accounting, and capital treatment.
Risk-transfer testing, deposit accounting, and the application of SSAP 61R and related guidance.
Quiet, pre-filing technical review for counsel and clients evaluating posture and exposure.
Expert witness engagements in reinsurance disputes; deep familiarity with the technical and regulatory issues raised by recent reinsurance collateral failures.
Expert reports on risk-transfer disputes; technical advisory to counsel on letters-of-credit and collateral disputes.
Risk-Based Capital, ORSA, and economic-capital advisory for insurers managing growth, transactions, or regulatory scrutiny — translating capital models into decisions about reinsurance, investment strategy, and structural change.
Identifying the structural and reinsurance levers that move RBC efficiently without manufacturing surplus.
Independent review of ORSA submissions, ERM frameworks, and supervisory-college positioning.
Stress testing, capital-solvency modeling, and scenario construction aligned with regulator expectations.
Capital and ORSA work across mutuals, stock insurers, and captives; supervisory-college and IAIG experience.
Capital optimization study for a multi-line carrier; independent ORSA review supporting an acquisition.
Embedded, senior reinsurance leadership for carriers, MGAs, and captives that need experienced reinsurance judgment without adding a full-time executive — covering program design, modeling, capital, collateral, intermediary selection, and direct board-level representation.
Reinsurance program design and risk modeling aligned to growth, capital, and rating-agency goals.
Capital adequacy, collateral and letter-of-credit structuring, and independent guidance on broker / intermediary selection and counterparty diligence.
Strategic reinsurance briefings and ongoing board-level representation on program design, counterparty risk, and capital implications.
Rating-agency and regulatory implications of reinsurance program design and catastrophe modeling.
Direct reinsurance program leadership experience across life, annuity, health, and P&C; deep familiarity with collateral and counterparty considerations and with rating-agency views of reinsurance dependence.
Acting reinsurance leader for a growing carrier between full-time hires; reinsurance program redesign and collateral restructuring for a multi-line group; board representation on catastrophe-modeling and rating-agency implications.
Independent advisory on enterprise risk, supervisory expectations, and NAIC examination readiness — for mutuals, multi-state carriers, IAIGs, and groups with cross-jurisdictional supervisory exposure. International framework work (IAIS, ICS, early-warning systems) is delivered within this practice area as needed.
Framework reviews, gap analysis, and remediation planning aligned with NAIC and IAIS guidance.
Preparation, response, and remediation support for NAIC financial-condition examinations and related regulator interactions.
Preparation, materials development, and post-meeting follow-through for groups under college supervision.
Direct experience with supervisory colleges, IAIG frameworks, and international supervisory practice.
Supervisory-college materials and pre-meeting briefing; IAIG framework review for an internationally active group.
Advisory to international supervisors, IAIGs, and groups with cross-border exposure on the technical instruments of modern insurance supervision — early-warning systems, stress testing, capital-solvency models, and inspection programs.
Early-warning system design and off-site macroprudential surveillance frameworks for supervisors and supervised groups.
Stress-testing methodology and capital-solvency modeling aligned with IAIS, ICS, and national supervisory expectations.
Design, execution support, and quality review of on-site inspection and off-site monitoring programs.
Direct work with international supervisors and IAIGs on early-warning, stress-testing, and inspection programs; familiarity with IAIS, ICS, and cross-border supervisory practice.
Early-warning framework review for an international supervisor; stress-testing and capital-solvency support for an internationally active group.
Transactional financial analysis for regulators, acquirers, and counterparties — including insurer profile summaries, Form A reviews, captive analysis, and statutory-accounting opinions.
Concise, regulator-grade summaries supporting examinations, transactions, and rating-agency dialogue.
Independent review and drafting support for Form A and related change-of-control filings.
Application review, financial analysis, and ongoing support for captive formations and operations.
Insurance investment classification, statutory-accounting opinions, and complex Form A reviews across jurisdictions.
Form A support for a private-equity acquisition; captive application review for a corporate program.
Run-off, commutation, and receivership support for troubled companies, receivers, and reinsurance counterparties — focused on the statutory-accounting and reinsurance issues that drive estate outcomes.
Statutory accounting for reinsurance recoverables, collateral, and disputed balances in distressed estates.
Portfolio analysis, commutation strategy, and reinsurance-treaty unwinding.
Independent valuation and negotiation support for commutation transactions.
Troubled-company work spanning reinsurance accounting, run-off portfolios, and commutation assessments.
Run-off reinsurance portfolio review for a troubled carrier; commutation valuation and negotiation support.
Targeted training for insurance regulators, carrier teams, and counsel — focused on the technical areas where misunderstanding tends to drive disputes and supervisory friction.
Structure, statutory accounting, risk transfer, collateral, and recent regulatory developments.
Insurer profile work, Form A reviews, and analytic techniques for regulator and acquirer teams.
Risk transfer, loss-sensitive contracts, and emerging regulatory issues including AI guidance.
Training delivered to regulators, supervisory teams, and carrier groups across the United States and internationally.
Multi-session reinsurance training for a state insurance department; emerging-risks briefing for a carrier executive team.
Most engagements begin with a brief conversation to determine whether independent advisory is the right path — and whether we are the right fit.